Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service.

Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service.

The service is designed specifically for managers of highly liquid strategies including equity long/short, global macro, event driven and futures.

The hedge fund is led by chief executive officer Robert van Paridon, the former head of ABN Amro Group investment bank in the US. Paridon Asia has been trading the principal’s money since May 2010 and now intends to raise USD250m in assets from institutional investors.

"We look forward to supporting the Paridon team with its launch and are confident that our LaCrosseSTP+ platform is ideally suited to meet the funds needs in the crucial months ahead,” says Celia Choh, LaCrosse Global Fund Services managing director for Asia.